By Patrick Clark 9/20/12 7:56am

Morning Read

Critics of High-Frequency Trading Take to Capitol Hill; Hedge Funder Asks, ‘What’s Wrong With Nimbyism?’ Roundup

The Senate Banking Committee will hold hearings on high-frequency trading today, and the Wall Street Journal meets the star witnesses: Dave Lauer, a former trader at Citadel and Allston Capital who plans to tell lawmakers that high-speed trading has made markets less fair for many participants; and Andy Brooks, head of U.S. trading for T. Rowe Price, who will say that rules governing high-frequency trading generally favor bodies with short-term profit incentives. Read More

By Max Abelson 10/12/10 11:17pm

The Foreclosure Fiasco and Wall Street’s Shrug

“The first thing that needs to happen, I think, is to get these people out of their homes,” a man wearing a bespoke blue-striped shirt, a Hermés tie patterned with elephants and Ferragamo loafers said recently. “Correct! I’ll explain,” the veteran member of a bank restructuring and advisory team said.

Amid evidence of sham documents Read More